Wellbred Trading acquires La Nivernaise de Raffinage to expand global renewable energy presence

Wellbred Trading SA, a prominent player in the renewable energy sector, has made a significant move towards global expansion by acquiring the Prémery-based refinery, La Nivernaise de Raffinage SAS. This strategic acquisition is set to enhance Wellbred’s footprint in the French renewable energy market, marking a pivotal moment in the company’s growth strategy.

Wellbred Trading SA’s Strategic Acquisition of La Nivernaise de Raffinage SAS

Wellbred Trading SA has announced its acquisition of La Nivernaise de Raffinage SAS, a French refinery renowned for converting used cooking oil into valuable biofuels and other renewable energy products. This acquisition is a crucial step in Wellbred’s plan to broaden its presence in the French domestic renewable energy sector.

Ghazi Abu Al-Saud, the Global CEO of Wellbred Group, expressed enthusiasm about the acquisition, highlighting its importance for the company’s expansion into renewable energy. Abu Al-Saud stated that the addition of La Nivernaise de Raffinage SAS provides Wellbred Trading SA with the opportunity to further engage with the renewable energy sector, reinforcing the company’s commitment to growth in this crucial area of its value chain.

Integration and Future Prospects

Located in the heart of France, La Nivernaise de Raffinage SAS specializes in the transformation of used cooking oil into biofuels and other renewable resources. Simon Lausch, Managing Director of Wellbred Trading SA, emphasized the smooth transition facilitated by retaining all 35 employees of La Nivernaise de Raffinage SAS. Lausch noted that the acquisition will enable Wellbred to leverage the refinery’s expertise and experience in refining more challenging wastes, thereby driving innovation and supporting the local community.

The integration of La Nivernaise de Raffinage SAS into Wellbred’s Renewables desk, which is based in Geneva, presents new opportunities for growth and diversification. Since establishing its Renewables desk in 2022, Wellbred Trading SA has focused on supplying biofuels to Scandinavian markets, including Norway and Sweden. The company has since expanded into the marine biofuels sector. The merger is expected to accelerate the refinery’s expansion and contribute to the broader goals of renewable energy production. Moreover, it will position Wellbred Trading SA to enter global feedstock trading and biodiesel distribution markets, including France, Germany, and Spain.

Experts in the renewable energy sector view this acquisition as a strategic move by Wellbred Trading SA to strengthen its position in the European market. The company’s expansion into France and other European countries aligns with broader industry trends towards increasing the supply and distribution of renewable energy sources.